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    Principles of Economics Study Set 12
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    Exam 4: Subtleties of the Supply and Demand Model
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    If the Quantity Supplied of a Product Stays the Same
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If the Quantity Supplied of a Product Stays the Same

Question 72

Question 72

Multiple Choice

If the quantity supplied of a product stays the same no matter what its price, then the elasticity of supply of the product is


A) perfectly elastic.
B) unit elastic.
C) zero.
D) perfectly inelastic.
E) infinity.

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